The new Governor of Nigeria’s central bank, Godwin Emefiele, assumed office today. This followed the expiration of the tenure of Lamido Sanusi on May 31. Nigeria’s president, Goodluck Jonathan, had in February forwarded Emeifele’s name to...

The newly purchased Diesel Multiple Units (DMU) rail cars by the Nigerian Railway Corporation (NRC) will be introduced to the public, when the Corporation starts its planned new train services in Lagos on the 2nd of...

Nampak’s Nigerian venture, which was bought for $301m in February, helped to make a modest contribution to the company’s (Nampak Ltd) profitability, according to a 6 months report (to March 2014). The unit, which is barely...

Nigeria drove MTN’s growth in the first four months of this year according to reports at the company’s annual general meeting in Johannesburg, on Tuesday. The group’s double-digit revenue growth was mainly as a result of...

The managing director of Asset Management Corporation of Nigeria (AMCON), Mustafa Chike-Obi told CNBC today that the process of divestment from Enterprise bank, one of the 3 banks bailed out by the Nigerian government, through the...

According to Nigeria’s vice president, Namadi Sambo, the government has approved $4 billion for the construction and rehabilitation of power transmission infrastructure across the country. He said this during the visit of a delegation from the...

The Nigerian House of Representatives on Thursday requested that Nigeria’s minister of trade and investment, Dr Olusegun Aganga, appear before it to explain the implication of the country signing the Economic Partnership Agreement. Members raised concerns...

Kaztec Engineering, a subsidiary of The Chrome Group, will invest $750 million over the next year on its facility at the Snake Island in Lagos. The amount will be invested in the construction of a pipe...